Property profile

611 Franklin Ave Berlin, MD 21811

OFF-MARKET
Warehouses
Property ID
US40-1706578
12,000 SF 1.61 ac lot Built 1940
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Construction BRICK
Total area 12,000 SF
Lot 1.61 ac (70,132 SF)
Zoning code B-3
APN 03-034208
UPID US40-1706578

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

611 Franklin Ave Berlin, MD 21811-1358
Berlin metro Census 951000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$837k
Blend (final) Blend
$375k

Owner & transaction history

since 2019
1 recorded transaction
2019
$1.1M

Zoning & alternative use

B-3 · Berlin, MD
Zoning description

The purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations, tourist home and produce stands, retail lumberyard, storage, sale.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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